Trilogy Metals Inc (NYSE:TMQ) was the recipient of a large increase in short interest during the month of September. As of September 29th, there was short interest totalling 844,621 shares, an increase of 2.0% from the September 15th total of 828,240 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 134,116 shares, the days-to-cover ratio is presently 6.3 days.

A number of equities research analysts have recently weighed in on TMQ shares. Fundamental Research reiterated a “buy” rating and issued a $2.15 price objective on shares of Trilogy Metals in a research report on Friday. Roth Capital began coverage on Trilogy Metals in a research note on Monday, June 12th. They issued a “buy” rating and a $1.50 target price for the company.

Trilogy Metals (TMQ) traded up 1.77% on Tuesday, hitting $0.97. The stock had a trading volume of 196,378 shares. The firm’s market capitalization is $102.50 million. Trilogy Metals has a 1-year low of $0.41 and a 1-year high of $1.35. The stock’s 50-day moving average is $0.99 and its 200 day moving average is $0.81.

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About Trilogy Metals

Trilogy Metals Inc, formerly NovaCopper Inc, is a Canada-based base metals exploration company. The Company focuses on exploring and developing its mineral holdings in the Ambler mining district located in Alaska, the United States. The Company’s principal assets, the Upper Kobuk Mineral Projects (UKMP or UKMP Projects), are located in the Ambler mining district in Northwest Alaska.

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